Billy Bob Thornton's 'Bad Santa 2' Lands U.S. Home at Broad Green

Broad Green will co-finance and co-produce the sequel with Miramax.

Billy Bob Thornton's Bad Santa 2 has landed a U.S. home with Broad Green Pictures.

The long-gestating sequel will hit theaters during the year-end holidays in 2016. An exact release date hasn't been set.

Broad Green and Miramax will co-finance and co-produce Bad Santa 2, the follow-up to the 2003 raucous comedy that earned $76.5 million at the global box office. Producers include Geyer Kosinski.

Sierra/Affinity will shop the project to foreign buyers at the upcoming American Film Market in Los Angeles. The event runs Nov. 4-11.

“We’ve been waiting far too long to see Billy Bob’s Willie Soke mess with the holiday season in his own unique way,” Miramax executive vp film and television Zanne Devine said in a statement. “We couldn’t be more excited to partner with Billy Bob, the entire creative and producing team, and Broad Green and Sierra/Affinity to bring back the outrageous humor and characters that made this movie brand iconic in the first place.”

"Bad Santa has been a part of our family holiday tradition ever since we all saw it together at our neighborhood theatre," added Broad Green Pictures CEO Gabriel Hammond and CCO Daniel Hammond. "We are excited to bring this memorable character and new chapter back to the big screen."

David Thwaites will oversee the project for Miramax and Victor Moyers for Broad Green Pictures. Principal photography will commence in January.

Nov. 2, 4:30 p.m. An earlier version of this story incorrectly stated the first Bad Santa's release date. THR regrets the error.